Bubblemaps TGE Concludes with 13,500% Oversubscription

Bubblemaps, a blockchain analytics platform, has concluded its Token Generation Event (TGE) for its native token, BMT, with an oversubscription of 13,500%. The event, which took place on March 11, was hosted on Binance Wallet and aimed to sell 40 million BMT tokens (representing 4% of the total supply) at a price of $0.02 each, with a goal of raising 1,503.42 BNB. However, the TGE saw overwhelming demand, with total subscriptions reaching around 202,990 BNB, far exceeding the initial target by over 13,500%.

This remarkable oversubscription follows Bubblemaps’ recent $3.2 million funding round, led by INCE Capital, highlighting strong investor confidence in the project, according to Cryptorank.io. The fact that the TGE was hosted using Binance Wallet has led to speculations that BMT may soon be listed for spot trading on Binance. While the listing is not confirmed, Bubblemaps has already launched on several major exchanges, including MEXC, Kraken, and Bybit.

Bubblemaps itself is a blockchain analytics tool that visually represents token and NFT ownership distributions through interactive bubble clusters. The platform helps users detect wallet connections, identify hidden whales, and spot suspicious activities, offering an intuitive approach to understanding token holdings.

As for BMT tokenomics, the allocation is as follows:

• 26.3% is reserved for the ecosystem and community,
• 24.3% is allocated to investors,
• 22.2% is dedicated to airdrops for adoption and rewarding early participants,
• 12.2% is set aside for liquidity to ensure smooth market operations,
• 9% is allocated to the team as compensation,
• 6% is designated for protocol development and research.

With the 13,500% oversubscription of the TGE and its growing exchange presence, Bubblemaps is positioning itself as a key player in the blockchain analytics space, with the BMT token serving as both a governance and utility token to unlock advanced features on the platform.